Expense under FBT cannot be disallowed on the ground that same are not for business purpose

Hansraj Mathuradas Vs. ITO (ITAT Mumbai) Part expenditure subject to FBT, cannot be disallowed on the ground that same are not for the purpose of business The assessee is a partnership firm engaged in the business of providing services as insurance surveyor and loss assessor. In one of the grounds before the Tribunal, the assessee had challenged dis allowance made by the AO and confirmed by the CIT(A), conveyance and telephone expenses of Rs. 4,818/- and Rs. 17,224/- out of Rs. 24.088/- and Rs. 86,120/-, respectively. In the absence of any record maintained by the assessee in the form of log b...